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Property profile & analytics
OFF-MARKET
Estimated value
$6,070,000
Apartment buildings
308 Nicholson Ave Monterey Park, CA 91755-1856
Trust Owned
Absentee Owner
Free & Clear
Property ID
US09-7359015
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1976
Construction
WOOD
Total area
9,684 SF
Lot
0.39 ac (17,017 SF)
Zoning code
MPR3*
APN
5255-019-022
UPID
US09-7359015
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.96M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.07M
Owner & transaction history
Stanley A Sirott Trust
Stanley A Sirott Trust
since 2025
Last sale
$6.2M
7 recorded transactions
Zoning & alternative use
MPR3* · Monterey Park, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$6.3M
+128.7%
Neighborhood: shopping center
$5.9M
+113.8%
Auto repair, garage
$4.5M
+62.5%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Monterey Park submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Monterey Park submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$5,925,000
ML approach
$5,955,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$6,305,000
Change: +129% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$5,895,000
Change: +114% · Conversion: Difficult
AUTO REPAIR, GARAGE
$4,480,000
Change: +62% · Conversion: Difficult
MEDICAL BUILDING
$4,400,000
Change: +60% · Conversion: Moderate
RETAIL STORES
$3,710,000
Change: +35% · Conversion: Difficult
OFFICE BUILDING
$3,665,000
Change: +33% · Conversion: Moderate
Blend value · Realmo final
$6.07M
Range $5.46M – $6.68M · ±10% · vs last sale $6.20M (Feb 7 2023)
Last sale anchor
$6.20M
Feb 7 2023
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$627 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$43,104
Tax year 2024
Assessed value
$3,162,000
Assessed 2024
Previous assessed
$3,162,000
+0.0% YoY
Effective rate
1.36%
On assessed value
Assessed land
$1,632,000
Assessed improvement
$1,530,000
Applied tax rate
1.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1976
Construction
WOOD
Heating
NONE
Cooling
YES
Stories
2
Units
10
Rooms
9
Bathrooms
13
Total area
9,684 SF
Lot
0.39 ac (17,017 SF)
Zoning code
MPR3*
APN
5255-019-022
UPID
US09-7359015
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
MPR3* · Monterey Park, CA
Zoning MPR3* · permitted uses
MPR3* · Monterey Park, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Monterey Park. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$6.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$5.9M
AUTO REPAIR, GARAGE
Est. value
$4.5M
MEDICAL BUILDING
Est. value
$4.4M
RETAIL STORES
Est. value
$3.7M
OFFICE BUILDING
Est. value
$3.7M
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
MEDICAL BUILDING
RETAIL STORES
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1976
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
2
Units
10
Rooms
9
Bathrooms
13
Lot
0.39 ac
Current owner
From public records · entity-resolved
Stanley A Sirott Trust
Trust
Free & Clear · 0 yrs held
Mailing address
142 E BONITA AVEPMB52, SAN DIMAS, CA 91773-3003
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 30, 2025
—
Stanley A Sirott Trust
Stanley A Sirott
Deed
related
—
Oct 10, 2023
—
Adrienne Sirott
Sirott
Affidavit Death Of Trustee/successor Trustee
related
—
Feb 7, 2023
$6,200,000
Stanley A Sirott
Nicholson Villa LP
Grant Deed
—
Sep 11, 2012
—
Nicholson Villa LP
Fan,alexander & Irene
Grant Deed
—
Jul 10, 2003
—
Fan,tr
—
Deed Of Trust
related
$1,450,000 · Washington Mutual Fsb
Feb 27, 2001
$1,430,000
Fan Trust
Wong,bing D & Emmeline
Grant Deed
$1,072,500 · Washington Mutual Fsb
Jun 23, 1998
—
Bing D Wong
Wong,b D & E
Quit Claim Deed
related
—
—
—
Bing D Wong
—
Deed Of Trust
related
$300,000 · Standard Savings Bank
—
—
Wong
—
Deed Of Trust
related
$490,000 · Fidelity Federal Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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